Tech
$233M for Brightcove, regulators crack down on Monzo and Northvolt hands out bonuses
This week we tracked more than 65 tech funding deals worth over €465 million, and over 5 exits, M&A transactions, rumours, and related news stories across Europe.. In addition to this week’s top financials, we’ve also indexed the most important/industry-related news items you need to know about.
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💸 Notable and big funding rounds
🇳🇱 Cradle raises €69.5M funding
🇬🇧 Vertical Aerospace raises €47.6M funding as part of €171.1 million rescue deal
🇧🇬 Ampeco secures $26M to accelerate global EV charging networks
🇳🇱 Pyramid Analytics receives $50M in financing from BlackRock
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇮🇹 Bending Spoons is taking video platform Brightcove private in $233M acquisition
🇪🇸 Visma strengthens its offering with the acquisition of tugesto
🇮🇪 Accenture acquires Award Solutions
🚀 Interesting moves from investors
🇩🇪 This German VC taps founders of decacorn SumUp and Amsterdam’s Felyx as new partners
🗞️ In other (important) news
🔋 In the middle of the storm, Northvolt wants to give them bonuses – of SEK59 million
👮♀️ Monzo accused of ‘especially concerning’ regulatory breaches by competition watchdog
🔒 UK seeks collaboration for security research lab to counter Russia and ‘new AI arms race’
⚡️ Increased power needs ‘biggest challenge’ for data centres
📡 Recommended reads and listens
🤖 Why more unicorns shouldn’t be Britain’s end goal
🏭 Solaris says “close to finalising agreement” amid reports of urgent €100M funding round
🇫🇮 Corning offers bundle of commitments in bid to settle EU antitrust probe
🇪🇺 Innovations driving Europe’s space industry
🔭 European tech startups to watch
🇨🇭 Insurtech Poncho raises €590,000 for weather-insured travel
🇬🇧 Vinter secures €1.4M for AI-powered recruitment
🇫🇷 Biodiversity startup Darwin secures €1.5M for nature data analysis
🇨🇿 Czech spinout DYNANIC secures €550,000 pre-seed